Macro N Cheese

Pakistan in Crisis with Aqdas Afzal


Listen Later

** To donate to the flood relief effort in Pakistan, please visit the Prime Minister’s Flood Relief Fund 2022

How do we unpack a problem like this year’s floods in Pakistan? Where do we place the blame? Steve invited our friend Aqdas Afzal back on the podcast to discuss his recent article, “Collapse of Civilizations.”


The article’s title is a cheeky play on Samuel Huntington’s “Clash of Civilizations,” which predicted massive conflict between the world’s non-white, non-Christian peoples and the global North. Coincidentally, the countries of the global North have profited quite well from their destruction of the environment, whereas those in the global South bear the brunt – like floods of biblical proportions.


Pakistan’s contribution to carbon emissions is less than 1% yet, when hit by climate catastrophe, the devastation is not only physical, it is economic, it is political. With an economy choked by foreign debt obligations, Pakistan, in the best of times, struggles to meet basic needs.


“Steve, to give you an example, about 40% of Pakistan's federal budget - remember that figure - 40% is now spent on paying interest on external loans that Pakistan has taken over the last 75 years. And this situation not only eats up all the fiscal space that this country has, we cannot spend on health, we cannot spend on education, we don't have enough money to spend on climate mitigation adaptation, on clean drinking water. And the situation is becoming worse by the day. It's a completely unsustainable situation.”


Aqdas and Steve talk about debt jubilee and reparations to address the immediate situation, but the overlapping crises are a direct result of capitalism’s failure to deliver on its promises – not just to Pakistan, but to most of the world – causing strife and division.


Are we proving Samuel Huntington right?


Aqdas Afzal finished his undergraduate and first master’s degree in Political Science from Ohio State University, then returned to his native Pakistan. After working there for five years he won the Fulbright scholarship for his second master’s and PhD in Economics from UMKC. He teaches at Habib University in Karachi and writes a monthly op-ed in Dawn, a leading English language newspaper there.


@AqdasAfzal on Twitter

...more
View all episodesView all episodes
Download on the App Store

Macro N CheeseBy Steven D Grumbine

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

145 ratings


More shows like Macro N Cheese

View all
Economic Update with Richard D. Wolff by Democracy at Work - Richard D. Wolff

Economic Update with Richard D. Wolff

1,985 Listeners

Upstream by Upstream

Upstream

1,819 Listeners

Jacobin Radio by Jacobin

Jacobin Radio

1,448 Listeners

The Katie Halper Show by Katie Halper

The Katie Halper Show

1,483 Listeners

Citations Needed by Nima Shirazi and Adam Johnson

Citations Needed

3,907 Listeners

This Wreckage by Sean KB and AP Andy

This Wreckage

931 Listeners

Useful Idiots with Katie Halper and Aaron Maté by Useful Idiots, LLC

Useful Idiots with Katie Halper and Aaron Maté

4,447 Listeners

This Machine Kills by This Machine Kills

This Machine Kills

208 Listeners

Bad Faith by Briahna Joy Gray

Bad Faith

2,700 Listeners

Guerrilla History by Guerrilla History

Guerrilla History

602 Listeners

The Socialist Program with Brian Becker by The Socialist Program

The Socialist Program with Brian Becker

533 Listeners

Rania Khalek Dispatches by Rania Khalek

Rania Khalek Dispatches

219 Listeners

Lever Time by David Sirota

Lever Time

558 Listeners

Geopolitical Economy Report by Ben Norton

Geopolitical Economy Report

299 Listeners

The Chris Hedges Report by Chris Hedges

The Chris Hedges Report

332 Listeners